Khyati Group Loses Prime Rs 200 Crore Land Deal on Iskcon-Ambli Road Amid Hospital Scandal
The Khyati Group, embroiled in a hospital scandal, has lost a major real estate project on Ahmedabad's prime Iskcon-Ambli road. The land, valued at Rs 200 crore, has been taken over by a Mumbai-based realty firm, Anjaneya Group.
Khyati GroupReal EstateHospital ScamIskconambli RoadAnjaneya GroupReal Estate MumbaiSep 03, 2025
With interests spanning real estate, education, and healthcare, the group had been eyeing a 6,000-square-yard plot valued between Rs 180-200 crore. They had announced plans for a commercial project on the site. The land has now been taken over by the Mumbai-based Anjaneya Group.
New project from scratch
Property experts suggest that a high-end commercial development on this plot could reach a saleable value of around Rs 500 crore. When contacted, Raj Gor, owner of Anjaneya Group, told Mirror, “We have bought the land from the original owner, Shapath Shah, as the Khyati Group has now exited the deal.”
“We have taken over the complete land to come up with a high-end commercial building of 70 meters in height with more than 5 lakh sq ft of construction,” he added.
Restarting project
Speaking from abroad, Gor said, “We are starting the entire project from scratch and have hired a new team of national-level experts. Our focus will be on multinational companies who want to make it their address.”
Hospital scam fallout
According to sources, Khyati Group lost the deal because its owner, Kartik Patel, remains in judicial custody. He faces charges as a prime accused in the Ayushman card and cardiology scam at his hospital on SG Road.
Before branching into healthcare in 2021, the group mainly dealt in land and realty projects. They had ambitious expansion plans for both sectors. The court case against Patel and other accused continues.
Other ventures suffer
There’s growing talk in Ahmedabad’s realty market about troubles with a plotting scheme that Khyati Group was developing with partners. Sources claim the project faces mounting problems. Many investors are now asking for refunds while others have already pulled their money out.
Frequently Asked Questions
What is the value of the land lost by Khyati Group?
The land lost by Khyati Group is valued between Rs 180-200 crore.
Who has taken over the land from Khyati Group?
The land has been taken over by the Mumbai-based Anjaneya Group.
What are the plans for the new project on the Iskcon-Ambli road?
Anjaneya Group plans to develop a high-end commercial building of 70 meters in height with more than 5 lakh sq ft of construction.
Why did Khyati Group lose the land deal?
Khyati Group lost the land deal due to the hospital scam, which led to the arrest of its owner, Kartik Patel, and damaged the group’s reputation and financial standing.
What other issues is Khyati Group facing in the real estate market?
Khyati Group is facing mounting problems with a plotting scheme they were developing with partners, with many investors asking for refunds or pulling their money out.
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